Yamarna Greenfield’s Exploration Strategy – Planning, Execution, ResultsCiti’s Mining Exploration Day – 27 June 2017

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Disclaimer

Nature of this document: The purpose of this presentation is to provide general information about Gold Road Resources Limited (the ‘Company’). Unless otherwise stated herein, theinformation in this presentation is based on the Company’s own information and estimates. In attending this presentation or viewing this document you agree to be bound by thefollowing terms and conditions.Not an offer: This presentation is for information purposes only and does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer topurchase or subscribe for, any securities in the Company in any jurisdiction. This presentation and its contents must not be distributed, transmitted or viewed by any person in anyjurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction.Not financial product advice: This presentation does not take into account the individual investment objectives, financial situation and particular needs of each of the Company’sShareholders. You may wish to seek independent financial and taxation advice before making any decision in respect of this presentation. Neither the Company nor any of its relatedbodies corporate is licensed to provide financial product advice in respect of the Company’s securities or any other financial products.Forward-looking statements: Certain statements in the presentation are or may be “forward-looking statements” and represent the Company’s intentions, projections, expectationsor beliefs concerning, among other things, future operating and exploration results or the Company’s future performance. These forward looking statements speak, and thepresentation generally speaks, only at the date hereof. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknownrisks and uncertainties, and are necessarily based on assumptions, which may cause the Company’s actual performance and results in future periods to differ materially from anyexpress or implied estimates or projections.Disclaimer: No representation or warranty, express or implied, is made by the Company that the material contained in this presentation will be achieved or prove to be correct.Except for statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisers and agents expressly disclaims any responsibility for theaccuracy, fairness, sufficiency or completeness of the material contained in this presentation, or any opinions or beliefs contained in this document, and excludes all liabilitywhatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omissionthere from. The Company is under no obligation to update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may becomeapparent, or to furnish any person with any further information. Any opinions expressed in the presentation are subject to change without notice.Unverified information: This presentation may contain information (including information derived from publicly available sources) that has not been independently verified by theCompany.

Important Notices

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Introduction

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Corporate Summary and Aspirations

Exploration Strategy

Challenges and Opportunities

Executing the Strategy

Targeting

Ranking

Prioritisation

Delivering the strategy

Gold Road BoardTim Netscher Non-Executive Chairman

Ian Murray Managing Director & CEO

Justin Osborne Executive Director – Exploration & Growth

Sharon Warburton Non-Executive Director

Martin Pyle Non-Executive Director (Retiring 30 June)

Hayden Bartrop Joint Company Secretary

Carol Marinkovich Joint Company Secretary

1 As at 1 June 20172 As at 23 June 2017, based on last close price of A$0.685 per share3 Based on an exchange rate as at 23 June2017 of A$1.00:US$0.757 4 As at 31 March 2017, the Company had A$415.9 million in cash, term deposits and current receivables

Corporate Summary

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A$ US$

Issued Shares 872M1

Performance Rights 6.0M1

Unlisted Options 3.5M1

Market Cap $597M2 $452M3

Cash & Equivalents $326M1,4 $247M3

Capital StructureShareholder Base (Top 20 = 60%) Substantial Shareholders:

Gold Fields Ltd 10% Sun Valley Gold ~10% Mason Hill/Equinox ~7% Van Eck ~5% 1832 Asset Management ~4%

Research: RBC Capital Morgan Stanley Macquarie Haywood Securities Canaccord Argonaut Bell Potter Baillieu Holst Fat Prophets

3 year share price performance

Australasia12%

UK and Europe6%

North America37%

Board and Management

2%

Retail32%

Corporate11%

Australasia

UK and Europe

North America

Board and Management

Retail

Corporate

~6,000 km2 of highly prospective exploration tenements

Joint Venture Partner in the Gruyere Gold Project

6.16 Million Ounce total Gruyere Mineral Resource

3.52 Million Ounce total Gold Ore Reserve

13 year mine life at >270 koz per year annualised

A$945/oz (US$690/oz2) AISC - High Margin potential

JV Partner Gold Fields Ltd a proven Australian operator

Project under construction

Fully funded to production and for exploration

A$30M Greenfields exploration programme for 2017

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World Class Gold Mine in a Top 3 Mining Jurisdiction1

1 Western Australia ranks as the number three mining jurisdiction in the annual Fraser Institute Mining Survey 2016 – February 20172 Exchange rate of A$1.00:US$0.73 as per Feasibility Study (ASX announcement on 19 October 2016)

~6,000 km2

Gruyere JV – 3.52 Million Ounce Ore Reserve

6Gruyere Mine Village Completed - June 2017

Simple geology, single mine

In construction with a good partner - Cash flow in ~2 years

JV deal brought exploration aspirations forward by ~5 years

Gold Road Aspirations

Gruyere in construction - biggest value add is discovery

500 koz pa producer in 5 to 10 years

1st deposit in next 2 years, 2nd in next 5 years

Yamarna Exploration Strategy Accelerate North Yamarna (100% Gold Road)

Follow-up two years Regional testing – Bedrock Results

Focus on discovery of +Moz standalone deposits

Target 2 Moz deposits on South Yamarna JV (50%)

High margin Reserve focus for Gruyere JV (50%)

Satellite deposits - not focus of this talk

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Yamarna Exploration Camp – January 2017

Challenges

Remote, large land holding

Sand and Permian Cover

Where to focus efforts amongst all the smoke?

Junior with mid-tier budget

New drill contracts, hiring geologists and field staff

Keeping safety forefront

Opportunities

Large land holding essentially unexplored

Cover -> geophysics – re-processing and new surveys

Well established base of operations

Quality geology and field team to build on (built)

Spending the A$30M Opportunity

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150 km

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Ensure spend maximises chance of success

Board and leadership team strategy session leads to…..

…….Geology Thinking Time - “Summer in the Office”

Targeting -> Ranking -> Prioritising

Constant evaluation of results and re-prioritisation

Maintain focus on highest quality targets

Thinking – Executing the Strategy

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Targeting and Ranking Geological review and Target collection

Targets Ranked using “Complete Target” Software

Geological and Economic Ranking Systems

Input from Senior Mining Engineer

Milestone Based

List of +50 Ranked Targets

Prioritisation Years drill plan based on

Strategy

Ranking Results

Access / permits

Logistics

Constantly re-evaluated based on results

Spread over Milestones Focus on Bedrock M3

Maintaining M1

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Milestone Generated Lease Group Area Project Drill Type Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 4. Mineral Resource GRJV Attila Trend Attila OP DDH 350 3504. Mineral Resource GRJV Attila Trend Attila OP RC 2,000 2,0004. Mineral Resource GRJV Attila Trend Alaric OP RC 2,000 2,000 4,000

3. Target Defined (Advncd)

NY Renegade Renegade OP DDH 345 345

3. Target Defined GRJV Dorothy Hills Gruyere UG DDH 809 1,297 2,500 940 850 2,000 8,3963. Target Defined

(Advncd)GRJV Attila Trend Alaric UG DDH 199 700 899

3. Target Defined (Advncd)

GRJV Attila Trend Montange OP DDH 650 650

3. Target Defined (Advncd)

GRJV Attila Trend Montange OP RC 2,000 2,000

3. Target Defined (Advncd)

GRJV Attila Trend Argos OP DDH 150 500 650

3. Target Defined (Advncd)

GRJV Attila Trend Argos OP RC 2,000 2,000

3. Target Defined (Advncd)

GRJV Attila Trend Orleans OP DDH 650 650

3. Target Defined (Advncd)

GRJV Attila Trend Orleans OP RC 2,000 2,000

3. Target Defined (Advncd)

GRJV Dorothy Hills YAM14 OP/UG DDH 230 1,000 1,850 2,000 5,080

3. Target Defined (Advncd)

GRJV Dorothy Hills YAM14 OP/UG RC 1,020 4,620 2,000 7,640

3. Target Defined NY Corkwood Ibanez DDH 80 568 400 1,0483. Target Defined NY Corkwood Ibanez RC 1,330 2,170 3,5003. Target Defined NY Corkwood Ibanez AC 6,000 6,0003. Target Defined NY Wanderrie Gilmour Morello RC 2,500 2,5003. Target Defined NY Wanderrie Gilmour Morello AC 1,899 4,191 6,0903. Target Defined NY Wanderrie Satriani DDH 150 1503. Target Defined NY Wanderrie Satriani RC 600 6003. Target Defined NY Wanderrie Santana DDH 211 2113. Target Defined NY Wanderrie Santana RC 1,800 1,8003. Target Defined NY North Yamarna Definition / Stratigraphic DDH 800 500 1,200 2,000 900 5,4003. Target Defined NY North Yamarna Definition / Stratigraphic RC 4,500 6,600 5,500 5,500 4,000 26,100

3. Target DefinedGRJV Attila Trend Full Trend 100m RC and 2 km

DDHRC 2,500 2,500 5,000

3. Target DefinedGRJV Attila Trend Full Trend 100m RC and 2 km

DDHDDH 1,400 530 1,930

3. Target DefinedGRJV Attila Trend Full Trend 100m RC and 2 km

DDHGeophysics Review Review IP IP IP IP

2. Anomaly NY Corkwood Mesaboogie DDH 500 5002. Anomaly NY Corkwood Mesaboogie AC 976 4,874 5,8502. Anomaly NY Corkwood Stratocaster DDH 500 5002. Anomaly NY Corkwood Stratocaster AC 1,440 9,060 10,5002. Anomaly NY Dead Dog - Tobin Hill Dead Dog - Koopmans Find DDH 401 4012. Anomaly NY Wanderrie Wanderrie Regional DDH 250 550 1,650 200 2,6502. Anomaly NY Wanderrie Wanderrie Regional RC 2,000 2,0002. Anomaly NY Wanderrie Wanderrie Regional AC 6,000 6,0002. Anomaly GRJV Dorothy Hills Toto DDH 600 2,000 2,6002. Anomaly GRJV Dorothy Hills Toto RC 1,000 1,0002. Anomaly GRJV Dorothy Hills Toto Geophysics Review Review IP IP IP IP2. Anomaly SYJV Breelya - Toppin Hill Yaffler South RC 1,975 1,250 3,225

1. Target NY Dead Dog - Tobin Hill Tobin Hill Regional DDH 393 3931. Target NY Dead Dog - Tobin Hill Tobin Hill Regional RC 2,000 2,0001. Target NY Dead Dog - Tobin Hill Tobin Hill Regional AC 5,000 5,0001. Target NY Dead Dog - Tobin Hill Hann Structural Trend DDH 600 6001. Target NY Dead Dog - Tobin Hill Hann Structural Trend AC 2,000 5,750 7,7501. Target NY Monteith Monteith AC 7,300 7,3001. Target NY Corkwood Corkwood South DDH 750 7501. Target NY Corkwood Corkwood South RC 2,500 2,5001. Target NY Corkwood Corkwood South AC 25,000 26,000 51,0001. Target NY Corkwood Corkwood South Geophysics H-SAM H-SAM1. Target NY Hopwood Hopwood Regional DDH 750 7501. Target NY Hopwood Hopwood Regional RC 1,500 1,5001. Target NY Hopwood Hopwood Regional AC 25,000 5,000 30,0001. Target SYJV Mt Carlon Mt Carlon RC 750 7501. Target SYJV Mt Carlon Mt Carlon AC 3,500 3,5001. Target SYJV Spearwood Kingston North RC 750 7501. Target SYJV Spearwood Kingston North AC 5,000 1,000 6,0001. Target SYJV Spearwood Regional AC 3,500 3,500

1. TargetSYJV Kurrajong and

SpearwoodPermian Test RC 1,500 1,500

1. Target SYJV Ono Ono RC 500 5001. Target SYJV Ono Ono AC 2,500 2,500 5,0001. Target SYJV Riviera - Smokebush Hakusan RC 750 7501. Target SYJV Riviera - Smokebush Hakusan AC 2,535 5,000 7,5351. Target SYJV Riviera - Smokebush SMMO-01 AC 500 500

MIL

ESTO

NES

1 T

O 5

DRILL (m) BY TYPE AND MONTHPROJECTS

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Results! – IbanezAircore Test to Bedrock Results

2014 – Full field AC – 800 m drill lines

2015 – Infill AC – 400 m drill lines Anomalism defined - 3 m at 0.22 g/t Au

2016 - Infill RC and DDH – 400 m drill lines First Bedrock results – 19 m at 2.52 g/t Au

2017 – Infill RC – 200 m drill lines Significant Bedrock results – 10 m at 28.67 g/t Au and 9 m at 4.56 g/t Au

DDH follow up – define mineralisation controls – plan follow up

1 ASX Announcement on 27 June 2017 Note: Drill line spacing varies 50 to 100 m

Mesaboogie AC Infill Drilling 2017

Ibanez 2.5 km long AnomalyAu-As-Ag anomaly in shear complex – possibly overturned to west, with felsic intrusives in mafic package

Results – Delivering the Strategy North Yamarna (100% Gold Road) best Bedrock intersections:

Ibanez RC 10 m at 28.67 g/t Au, including 2 m at 136.57 g/t Au

Renegade DDH 2.3 m at 4.24 g/t Au, including 0.4 metres at 17.28 g/t Au

Gruyere Joint Venture (50% Gold Road) best Bedrock intersection:

YAM14 DDH 49.7 m at 1.06 g/t Au, including 13 m at 2.11 g/t Au

South Yamarna Joint Venture (50% Gold Road) best Bedrock intersection:

Yaffler South RC 10 m at 1.06 g/t Au, including 6 m at 1.53 g/t Au

North Yamarna (100% Gold Road) best Anomaly intersections:

Mesaboogie AC 12 m at 0.17 g/t Au

Gilmour Morello AC 4 m at 1.06 g/t Au

Amongst many others

13Note: ASX Announcement on 27 June 2017

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North Yamarna Full Field AircoreCamp Scale Target Testing Full Field Aircore

Systematic aircore over all Camp Scale Targets by 2019

Near completed on 3 of 7 Camp Scale Targets

Reconnaissance framework on 2 camps in 2017

Finalise reconnaissance on remaining 2 camps in 2018

Continue infill of identified priority anomalies

Generate Bedrock Drill Targets – replenish the pipeline

Aim: Identify footprint consistent with >1 Moz deposit

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South Yamarna 2017Reconnaissance over New Camps Target Testing Bedrock drilling into identified prospects

Confirm mineralisation below anomalies

Top 3 Targets Kingston North – 2.5 km aircore anomaly in structural

complex

Yaffler South – 1.8 km aircore anomaly in shear corridor

Ono – AC Test conceptual Stage 2 Target

Full Field Aircore Systematic aircore over all Camp Scale Targets by 2019

Partial testing of 3 of 6 Camp Scale Targets

Complete reconnaissance framework on 2 camps in 2017

Aim: Identify footprint consistent with 2 Moz deposit

Aim: Framework drilling on at least one target

ONO

COMPLETE

The Gold Road Value Proposition Fully funded World class development project Highly prospective exploration tenement Largest Greenfields Gold project in Australia Long term exploration strategy Self-sustaining future funding Team capability in exploration and projects A unique global gold investment opportunity

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One of the lowest risk, lowest cost Global gold investments

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Appendix 1: Competent Persons StatementThe information in this report which relates to Exploration Results is based on information compiled by Mr Justin Osborne, Executive Director – Exploration and Growth for Gold Road. Mr Osborne is an employee of GoldRoad, as well as a shareholder and share option holder, and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM 209333). Mr Osborne has sufficient experience that is relevant to the style ofmineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results,Mineral Resources and Ore Reserves”. Mr Osborne consents to the inclusion in the report of the matters based on this information in the form and context in which it appears

Mineral ResourcesThe information in this report that relates to the Mineral Resource Estimation for Gruyere is based on information compiled by Mr Justin Osborne, Executive Director – Exploration and Growth for Gold Road and Mr JohnDonaldson, General Manager Geology for Gold Road.

The information in this report that relates to the Mineral Resource Estimation for Attila Trend is based on information compiled by Mr Justin Osborne, Executive Director – Exploration and Growth for Gold Road, Mr JohnDonaldson, General Manager Geology for Gold Road and Mrs Jane Levett, Senior Resource Geologist for Gold Road.

Mr Justin Osborne is an employee of Gold Road, as well as a shareholder and share option holder, and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM 209333) Mr John Donaldson is an employee of Gold Road as well as a shareholder, and is a Member of the Australian Institute of Geoscientists and a Registered Professional Geoscientist (MAIG RPGeo Mining 10147) Mrs Jane Levett is an employee of Gold Road, and is a Member of the Australasian Institute of Mining and Metallurgy and a Chartered Professional (MAusIMM CP 112232)

Messrs Osborne and Donaldson and Mrs Levett have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as CompetentPersons as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Messrs Osborne and Donaldson and Mrs Levett consent to the inclusion in thereport of the matters based on this information in the form and context in which it appears.

The information in this report that relates to the Mineral Resource Estimation for Central Bore is based on geostatistical modelling by Ravensgate using sample information and geological interpretation supplied by GoldRoad. The Mineral Resource estimates were undertaken by Mr Craig Harvey, previously Principal Consultant at Ravensgate and Mr Neal Leggo, Principal Consultant at Ravensgate.

Messrs Harvey and Leggo are both Members of the Australian Institute of Geoscientists. Messrs Harvey and Leggo have sufficient experience relevant to the style of mineralisation and type of deposit under considerationand to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.” MessrsHarvey and Leggo consent to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Ore ReservesThe information in this report that relates to the Ore Reserve for Gruyere is based on information compiled by David Varcoe. Mr David Varcoe is an employee of AMC Consultants and is a Member of the AustralasianInstitute of Mining and Metallurgy (MAusIMM).

Mr Varcoe has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity currently being undertaken to qualify as a Competent Person as defined in the2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Varcoe consents to the inclusion in this announcement of the matters based on his information in theform and context in which it appears.

New Information or DataGold Road confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources and OreReserves that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the formand context in which the Competent Person’s findings are presented have not materially changes from the original market announcement.